Markets Turn Their Attention to the CBRT's Interest Rate Decision

The Central Bank of the Republic of Turkey Monetary Policy Committee is convening today at 14:00 to announce the year's new interest rate decision. While it is known that the current policy rate stands at 37 percent, published surveys and economist expectations shed light on the direction of the decision.

Meeting Time and Expectations

The Central Bank of the Republic of Turkey Monetary Policy Committee will share its critical interest rate decision with the public today at 14:00. Financial circles and economic management are focused on this hour.

At the previous July meeting, the policy rate was kept constant at 37 percent. Experts and market actors are closely following whether the current picture will be maintained.

State of Economists and Surveys

According to expectations reflected in AA Finance and Bloomberg HT surveys, the vast majority of analysts predict that the policy rate will be left unchanged at 37 percent.

However, some institutions and analysts participating in the Bloomberg HT survey also voiced expectations for a 100 basis point cut. Various financial institutions have shared their predictions regarding the matter.

Inflation Developments and Targets

It was reported by various sources that an annual consumer inflation decline was recorded in August, with the rate shaping up around 31.5 percent.

Within the scope of the recently announced Medium-Term Program, the year-end 2026 inflation forecast was set at 28.4 percent, and these data carry importance in terms of economic balances.